Infosys says that denials behind attrition of the H-1B visa
Infosys blamed part of the growing worker attrition at the corporate on its inability to get enough H-1B visas and said it had to come up with a “new worth proposition” to assist retain employees.
Indian IT corporations have long sought-after to carry on to employees by giving the prospect of a US posting. However, the US has tightened visa rules to administer preference to candidates with master’s degrees, most of whom like to prefer American tech companies. Besides, Indian IT firms face varied body hurdles in each applying for brand spanking new visas and increasing existing ones.
Six Indian firms — Tata Consultancy Services, Infosys, Wipro, Cognizant, and also the United States arms of Tech Mahindra and HCL Tech — accounted for a nearly common fraction of the rejections among the highest thirty firms, the think tank said in March after analysing data from the US Citizenship and Immigration Services.
At the end of the fourth quarter, Infosys’ attrition had climbed to over eighteen on a standalone annualised basis, compared with sixteen.6% within the same amount last year, and 17.8% within the third quarter. Chief operative officer UB Pravin Rao aforementioned the corporate was seeing higher employee losses in the three-five year expertise bracket in India and the two-three year experience bracket in the US.